Momentum Movers

• WMT down 6% after reporting quarterly financial results and issuing lower-than-expected forward guidance.
• U up 30% after the company reported better-than-expected financial results. 
• PLTR down 5% after reports of defense budget cuts and insider selling weighed on the stock.       
• BABA up 8% after reporting better-than-expected earnings.
• TEM down 10% as momentum slowed, retracing a portion of the stock’s recent gains. 
• RCL down 7% after Commerce Secretary Lutnick suggested that cruise companies will start having to pay US taxes.  
• CVNA down 12% after reporting financial results. 
• JPM down 4% amid general market weakness in financial companies.
• HIMS down 3% amid general market weakness, retracing a portion of its recent gains. 
• APP down 8% following a short report from The Bear Cave. 

Sector Performance

Market News 

• Michael Saylor stated that he believes the US should buy 20% of global $BTC supply.
• Ryan Cohen disclosed that he built a $1B position in Alibaba.

Upcoming Events 2/21/25 

• S&P Global Services PMI
• Michigan Inflation Expectations
• Earnings: $ABR, $ATMU, $ASIX, $SHO, $UNIT, $TXNM, $VIPS, $USM, $BRC, $OIS